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  • figure loan payments FAQ


    You're using Excel?

    Cool. Then it's easy.

    Use =Pmt(Rate, Nper,PV) formula
    where
    Rate is your periodic rate
    Nper= number of payments
    PV is your present value.

    For example, $10,000


    Be more specific.. what calcualtion code are you looking for?


    http://ray.met.fsu.edu/cgi-bin/amortize


    Google is your friend...

    http://www.finaid.org/calculators/loanpa yments.phtml

    I don't know what your interest rate is but $25k at 5% interest for 5 years makes the payment around $470 a month.


    It's a walk in the park in Excel. Just set up some amortization schedules. @ $350/month, you'll be paid off in 41 months and will have paid a total of $14,236 (40 @ $350 plus a final payment of 236)

    figure loan payments news

    Seniors 'terrified' over college loan debt

    18.05.12 Who enter service professions to have their outstanding student loan debts forgiven in five years rather than 10.

    The bill has been introduced in the House, and, as of March 23, was referred to the Subcommittee on Military Personnel, and it is not clear when or if the legislation will come up for vote in the House.

    For a few Seton Hall seniors who are getting ready to gradu­ate and begin paying off student loans, the moves toward keeping interest rates low and forgiving student loan debt are promising, but not nearly enough.


    Source: Setonian

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